MICR Code: 493002163

Bank: State Bank of India
IFSC Code: Sbin0010830
MICR Code: 493002163
Address: Simga, Tilda Road, P O Simga, Distt Raipur Cg 493101
City: Raipur
District: Simga
State: Chandigarh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 493002163.

  • In this case first three codes 493 is city code and it represents city Raipur.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 163 represents branch. In our case branch is located at address Simga, Tilda Road, P O Simga, Distt Raipur Cg 493101.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.